Chemtrade Logistics Income Fund (TSE:CHE.UN) Stock Passes Above Two Hundred Day Moving Average of $8.85

Chemtrade Logistics Income Fund (TSE:CHE.UN)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$8.85 and traded as high as C$9.40. Chemtrade Logistics Income Fund shares last traded at C$9.17, with a volume of 266,859 shares.

Analyst Ratings Changes

A number of research firms recently weighed in on CHE.UN. National Bankshares increased their price objective on Chemtrade Logistics Income Fund from C$12.50 to C$13.50 in a report on Friday, May 17th. Desjardins increased their price target on Chemtrade Logistics Income Fund from C$12.50 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Finally, Royal Bank of Canada lifted their price objective on Chemtrade Logistics Income Fund from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th.

Chemtrade Logistics Income Fund Price Performance

The company has a debt-to-equity ratio of 128.22, a quick ratio of 0.48 and a current ratio of 0.42. The business has a 50 day moving average price of C$9.29 and a 200-day moving average price of C$8.86. The company has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 6.38 and a beta of 1.48.

Chemtrade Logistics Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 30th will be given a dividend of $0.055 per share. This represents a $0.66 annualized dividend and a dividend yield of 7.14%. The ex-dividend date is Wednesday, July 31st. Chemtrade Logistics Income Fund’s dividend payout ratio (DPR) is 45.52%.

Chemtrade Logistics Income Fund Company Profile

Chemtrade Logistics Income Fund provides industrial chemicals and services in Canada, the United States, and South America. It operates through Sulphur Products & Performance Chemicals (SPPC), Water Solutions & Specialty Chemicals (WSSC), and Electrochemicals (EC) segments. The SPPC segment removes and/or produces merchant, regenerated, and ultra pure sulphuric acid, sodium hydrosulphite, elemental sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides.